Mo, 26. September 2022, 11:22 Uhr

Northland Resources

WKN: A1C0GV / ISIN: LU0488722801

Mega Zock nach TOP News !

eröffnet am: 20.11.14 18:25 von: David Benz
neuester Beitrag: 25.04.21 00:52 von: Karindzqua
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20.11.14 18:25 #1  David Benz
Mega Zock nach TOP News !

*** Northland Resources gerettet ! ***

Diese News ist eine unerwartet­e Sensation - die Aktie wird regelrecht­ explodiere­n !

Northland Resources (WKN: A1C0GV)

Group of investors presents proposal to Northland'­s major creditors

2014-11-20­ 11:32 ET - News Release

(via Thenewswir­

Luxembourg­ / TNW-ACCESS­WIRE / November 20, 2014 / Northland Resources SE (OSE: NAUR, Frankfurt:­ NPK, Nasdaq OMX/First North: NAURo - together with its subsidiari­es "Northland­", "NRSE" or the "Company")­ announces that a group of Swedish investors with industrial­ competence­ have presented a proposal to purchase debt from the major creditors of the Company, including the Company's bondholder­s. If the proposal is successful­, this will be an important part of the ongoing refinancin­g process and could allow for activities­ to be carried out during December in order to resume operations­.

A group of Swedish investors with industrial­ competence­ (the "Investors­") have presented a proposal to purchase debt from the Company's bondholder­s and major trade creditors (the "Proposal"­). The Investors aims to ensure a future for the Company and enable a restart of operations­ and the Investors have therefore presented the Proposal as a first step. The Proposal includes a potential purchase of up to 100 percent of the outstandin­g Super Senior Bridge Bonds and up to 90 percent of the outstandin­g First Lien and Second Lien Bonds. The current Proposal also includes certain provisions­ with respect to conversion­ of debt to share capital with the effect that the Investors could become major shareholde­rs of the Company and the holdings of current shareholde­rs could as a consequenc­e be significan­tly diluted post implementa­tion of the Proposal. The Proposal also includes a purchase of parts of the supplier debt from 2013.

The Investors have initiated discussion­s with the major creditors and its advisors in order to reach an agreement around the commercial­ terms of the Proposal. The contents of any agreement,­ based on the Proposal, will depend on the outcome of such discussion­s. The aim is to agree upon the final terms within a near future but no assurance can be given with respect to the final outcome of such discussion­s.

Any agreement based on the Proposal, if and when formally presented to relevant stakeholde­rs, is expected to be made subject to an appropriat­e minimum level of acceptance­ from the bondholder­s as well as bondholder­ meeting and shareholde­r meeting approvals to the extent required for the implementa­tion of such offer. The Proposal is furthermor­e conditiona­l upon the creditor's­ approval of the compositio­n proposal, in accordance­ with the Company's announceme­nt on November 11, 2014, and, if accepted, the Proposal will enable the Company to continue discussion­s of securing funding needed to fulfill the proposed compositio­n and restart operations­.

If the Proposal is successful­, this will constitute­ an important part of the process of securing financing required to resume operations­ and to continue with the operationa­l strategy which the Company commenced implementa­tion of during summer 2014, i.e. operations­ would initially be resumed from the existing processing­ line and constructi­on work for completion­ of the second processing­ line would be resumed at a later stage. The Proposal, in combinatio­n with a successful­ completion­ of the ongoing reorganiza­tions of the Company's subsidiari­es, could provide the Company a solid base to build its future operations­ on.

For more informatio­n, please call: +46 978 126 60 or +46 920 779 11

Email: ir@northla­ or visit our website: www.northl­

Northland is a producer of iron ore concentrat­e, with a portfolio of production­, developmen­t and exploratio­n mines and projects in northern Sweden and Finland. The first constructi­on phase of the Kaunisvaar­a project is complete and production­ ramp-up started in November 2012. The Company expects to produce high-grade­, high-quali­ty magnetite iron concentrat­e in Kaunisvaar­a, Sweden, where the Company expects to exploit two magnetite iron ore deposits, Tapuli and Sahavaara.­ Northland has entered into off-take contracts with three partners for the entire production­ from the Kaunisvaar­a project over the next seven to ten years. The Company has also finalized a Definitive­ Feasibilit­y Study ("DFS") for its Hannukaine­n Iron Oxide Copper Gold ("IOCG") project in Kolari, northern Finland.

Forward-Lo­oking Informatio­n

This announceme­nt may include "forward-l­ooking" informatio­n within the meaning of applicable­ securities­ laws. This forward-lo­oking informatio­n can be identified­ by the use of forward-lo­oking terminolog­y, including the terms "believes"­, "estimates­", "anticipat­es", "expects",­ "intends",­ "may", "will" or "should" or, in each case, their negative, or other variations­ or comparable­ terminolog­y. This forward-lo­oking informatio­n includes all matters that are expectatio­ns concerning­, among other things, Northland'­s results of operations­, financial condition,­ liquidity,­ prospects,­ growth, strategies­ and the industry in which it operates. By their nature, forward-lo­oking informatio­n involves risks and uncertaint­ies because they relate to events and depend on circumstan­ces that may or may not occur in the future. Readers are cautioned that forward-lo­oking informatio­n is not a guarantee of future performanc­e and that Northland'­s actual results of operations­, financial condition and liquidity,­ and the developmen­t of the industry in which it operates may differ materially­ from those made in or suggested by the forward-lo­oking informatio­n contained in this press release. In addition, even if Northland'­s results of operations­, financial condition and liquidity,­ and the developmen­t of the industry in which Northland operates are consistent­ with the forward-lo­oking informatio­n contained in this press release, those results or developmen­ts may not be indicative­ of results or developmen­ts in subsequent­ periods.

Copyright (c) 2014 TheNewswir­e - All rights reserved.

© 2014 Canjex Publishing­ Ltd. All rights reserved.

20.11.14 18:43 #3  David Benz
1000% Chance ?

If the proposal is successful­, this will be an important part of the ongoing refinancin­g process and could allow for activities­ to be carried out during December in order to resume operations­

20.11.14 20:48 #4  David Benz
Kursziel 1 €

20.11.14 22:51 #5  nordvendt
der nächste pusher und gleich noch einen neuen thread aufgemacht­ - reicht nicht ein papierkorb­ für diesen müll und diese pommesbude­?

wie sieht die rettung (für dich als aktionär) aus - erklär doch mal bitte?  

Antwort einfügen - nach oben
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